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Apple to sell bonds in Taiwan
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| release time:2016.06.04 news source:SIMI Electronics Co., Ltd. - Focus on mobile communications products and services |
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Apple Inc plans to issue bonds in Taiwan for the first time with the aim of raising $1 billion, sources familiar with the matter said.
The dollar-denominated bonds will have a term of 30 years, the sources told Reuters on Wednesday, speaking on condition of anonymity. Apple declined to comment when asked about the plan.
Liquidity in the Taiwan bond market is high, with long-term buyers of debt, primarily life insurance firms, seeking creditworthy names and seeking higher yields.
Blue-chip multinationals regularly issue dollar-denominated bonds of such size in Taiwan, home to Apple's supply chain.
In December 2015, US chipmaker Intel Corp sold $915 million of 30-year bonds with yields of 4.7 percent.
In January, global brewer Anheuser Busch InBev SA issued a $1.47 billion bond of the same maturity at 4.915 percent, according to data from the Taipei Exchange, the island's over-the-counter market.
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